The bank's non-binding offer to acquire Zodia Custody has been accepted by the firm's other shareholders and noteholders.

Standard Chartered acquisition targets crypto custody, integrates with Zodia for expansion, enhancing digital asset services globally.

The bank's non-binding offer to acquire Zodia Custody has been accepted by the firm's other shareholders and noteholders.

Standard Chartered has agreed to acquire Zodia Custody's crypto business to fold into its own digital asset operations, per Bloomberg.

Standard Chartered will acquire Zodia Custody’s regulated crypto business and create Zodia Solutions under SC Ventures, formalizing its plan to bring custody in-house.

Standard Chartered announced Monday that its non-binding offer to acquire Zodia Custody — the digital asset custodian it co-founded in 2020.